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Carwow to help dealers boost sales during September plate-change

Motor Trader

A recent Carwow survey found half of consumers would like to see deals on new cars that are available for immediate delivery, while 34% would like to see deals on factory-ordered new cars. Carwow will promote deals for 1,000s of new cars available from participating retailers.

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Inflation, interest rates continue to impact consumers, dealers

Canadian Auto Dealer

Pressure from inflation and interest rates continue to impact consumers and dealers through increasing vehicle and financing costs, along with higher fixed and compensation costs, respectively. On average, banks are lending 50% of goodwill values on most dealership buy-sell deals, requiring more cash upfront for transactions.

Banking 52
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Find the Best Deal at a Used Car Dealership by Negotiation

MforceLA

Instead, you should negotiate to get a good deal. 8 Tips for Finding the Best Deal at a Used Car Dealership with Negotiation 1. This figure affects the interest rate you will receive on your auto loan and influences your financing cost. You will be better positioned to bargain a fair deal if you are more patient.

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Everything’s tightening up

Canadian Auto Dealer

Elevated financing costs directly affect car sales, necessitating a crucial role for F&I managers. With sales volumes down, the focus shifts to maximizing gross profit per deal, though this is challenging due to the significant impact of any additional costs on monthly payments. Car Deal Canada. Auto Market.

Finance 52
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Packed house for biggest CADEX event ever

Canadian Auto Dealer

OEMs get to set a deal, contract directly with the customer, but they also have to take the commercial risk from the dealers,” said Tongue. Tongue said mass market buyers are a lot more skeptical and need a lot more persuading. Embrack said some buyers arrive with a fake identity. In the U.K.

Retail 98